Question
Smith manufactures greeting cards. Material is introduced at the beginning of the process in the Printing Department. Conversion costs are applied uniformly throughout the process.
Smith manufactures greeting cards. Material is introduced at the beginning of the process in the Printing Department. Conversion costs are applied uniformly throughout the process. The weighted-average method of process costing is used. Data for the Printing Department for the month of September follow:
Work-In-Process Inventory, September 1:
Units 22,500
Direct materials (100% complete) $51,000
Conversion costs (30% complete) $20,472
Units started in September 127,500
Units completed in September 123,000
Work-In-Process Inventory, September 30 27,000
Direct materials added in September $427,500
Conversion costs added in September $315,000
With regard to the Work-In-Process Inventory on September 30, materials are 100 percent complete and conversion costs are 50 percent complete. The equivalent units for conversion costs are ________.
A) 123,000
B) 132,450
C) 136,500
D) 150,000
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